RobertPapon

Analysis and forecasts for EUR / USD 01/12/16

FX:EURUSD   Euro Fx/U.S. Dollar
The situation in the most important currency pair failed despite breaking above resistance at the 1.0940 level has not changed. Demand side only reached the level 1.0971 and then supply systematically pushed euro-dollar exchange rate to lower price levels. Minimum fell to 1.0847 level.

On Tuesday, we do not have any data on the calendar macroeconomic and this means that the EUR / USD can be considered only from the purely technical. Therefore, we should keep in mind that the demand side once again will have a chance of defense support, at 1,08-1,0810. If this test is positive, we may see a return in around the upper limit of the downward channel. At present they are around the level of 1.0925. (Keep in mind that despite a failed clearance, the situation of variant growth has not been negated).
In the case of another breaking upside, the next resistance levels are 1.0945 (maximum of 7 January), 1.0971 (maximum 11 January), and 1,0980-90 (peak at the beginning and the end of December). In a more optimistic version, the growth may reach the next resistance located in the area of 1,1025-60 (casings candles, and peaks from 9-15 December last year).

In an alternative version the demand side will not defend 1,08-1,0810 support level which will result in declines, in the vicinity of the lower limit of the downward channel. The objective in this case will zone support levels between 1,0680-1,0715.
Ideas Scripts Chart
United States
United Kingdom
India
España
Italia
Brasil
Россия
Türkiye
日本
한국
Home Stock Screener Economic Calendar How It Works Chart Features House Rules Moderators For the WEB Widgets Stock Charting Library Priority Support Feature Request Blog & News FAQ Help & Wiki Twitter
Private Messages Chat Ideas Published Followers Following Priority Support Public Profile Profile Settings Billing Sign Out